88-year-old Grandmother walks 1.2 miles to treasurer’s office to save her home from foreclosure
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The Notice of Default and Right To Cure
Paragraph 22, The Notice of Default and Right To Cure: How To Use This Most Overlooked Foreclosure Defense To Defeat Summary Judgment and Win at Trial (Foreclosure Workshop #16: Rebroadcast from July 17, 2016) This important broadcast, first...
Foreclosure Stopped By Due Process &The Rule of Law, Florida Appeals Court Applies and Overturns Another Ditech Foreclosure Lawsuit
Foreclosure Stopped By Due Process &The Rule of Law, Florida Appeals Court Applies and Overturns Another Ditech Foreclosure Lawsuit Fla 4th DCA Slams Door on “another Ditech loan” in foreclosure claims Posted on April 13, 2018 by Neil...
You Defeated Plaintiff’s Motion for Summary Judgment, But Do You Know The Ten Things You Need To Do Next?
You Defeated Plaintiff’s Motion for Summary Judgment, But Do You Know The Ten Things You Need To Do Next? Posted on April 8, 2018 Sunday, April 8, 2018 – 3 PM HST Upcoming Discussion for Sunday’s THE FORECLOSURE HOUR Sundays: 3 pm (HST)...
Nuns’ pressure leads Wells Fargo to publish causes of ‘systemic lapses in governance’
Nuns’ pressure leads Wells Fargo to publish causes of ‘systemic lapses in governance’ A group of nuns and religiously-affiliated investors said Wells Fargo & Co. has agreed to publish a review that shows the root causes of the systemic...
Shellpoint Mortgage Servicing Wrongful Foreclosure Lawsuit to Stop Eviction
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Florida’s Third District Court of Appeals Decision Rejects Multiple Common Foreclosure Defenses
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Stop Foreclosure and Mortgage Fraud and Rescind Your Mortgage Loan Contract with a TILA Rescission Letter
Stop Foreclosure and Mortgage Fraud and Rescind Your Mortgage Loan Contract with a TILA Rescission Letter Download a FREE TILA Rescission Letter here: TILA Rescission Letter Guide to understanding TILA Rescission. By Neil Garfield If someone...
Shellpoint Mortgage Servicing – Racketeering Still going on with “pretend lender/sesrvicers”
Shellpoint Mortgage Servicing - Racketeering Still going on with "pretend lender/sesrvicers" Have never heard back from them as they know they were a "pretend lender/serivcer" who forced me basically into a short sale with all the money I lost...
Thousands in Arizona could get money from $45M settlement over bad foreclosure practices
Thousands in Arizona could get money from $45M settlement over bad foreclosure practices. More than 2,000 Arizona families are eligible for part of a $45 million settlement with PHH Mortgage Corp. for its handling of mortgage payments and...
Bank of America Foreclosed On Home Despite Borrower Making Mortgage Payments
Bank of America Foreclosed On Home Despite Borrower Making Mortgage Payments PITTSBURGH (KDKA) – Imagine paying your mortgage on time every month, and your bank takes your home away anyway. It may not make any sense, but it’s happening to some homeowners. Since 2004,...
BITCOIN is currently at $16,000 and set to hit $1,00,000 by 2020, according to experts
BITCOIN is currently at $16,000 and set to hit $1,00,000 by 2020, according to experts Bitcoin surged to a record high of $11,377.33 Wednesday morning, according to CoinDesk. Outspoken libertarian and MGT Capital Investments CEO John McAfee...
Fannie, Freddie to hold off on evictions during the holidays
Fannie, Freddie to hold off on evictions during the holidays HomeNews by Francis Monfort13 Dec 2017 Fannie Mae said the suspension will apply to single-family and two- to four-unit properties. Families will be allowed to remain in their homes during the...
Shellpoint Mortgage Servicing Moody’s assigns provisional ratings to Prime RMBS issued by J.P. Morgan Mortgage Trust 2017-6
Rating Action: Shellpoint Mortgage Servicing Moody's assigns provisional ratings to Prime RMBS issued by J.P. Morgan Mortgage Trust 2017-6 Global Credit Research - 12 Dec 2017 New York, December 12, 2017 -- Moody's Investors Service has...
Why Foreclosing Securitized Trust Plaintiffs Cannot Prove Entitlement To Foreclose
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The Foreclosure Process
The Foreclosure Process Foreclosure happens when a borrower neglects to meet credit commitments. Dispossession rights and methods are distinctive in each state. Nonetheless, these distinctions are minor varieties. The dispossession...
New Residential to acquire Shellpoint Partners in $190 million deal
New Residential to acquire Shellpoint Partners in $190 million deal HomeNews by Paolo Taruc04 Dec 2017 The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often...
Shellpoint Mortgage Servicing Foreclosure Sales Stopped Guaranteed
Shellpoint Mortgage Servicing Foreclosure Sales Stopped Guaranteed RED FLAG: I have read the horrible things that Shellpoint is doing to others and I read this on RIPOFF REPORTS (Total Visits 8,998,758,637) "...call your local police immediately and also...
The Pro Se Problem
The Pro Se Problem Why Pro Se Litigants Have a Hard Time. Whether it's the high cost of lawyers' fees or growing distrust of lawyers, there is a mounting trend these days for more people to fight without a lawyer. The American Bar Association...
92 year old woman evicted over 27¢ on a Reverse mortgages
92 year old woman evicted over 27¢ on a Reverse mortgages. Actor and pitchman Tom Selleck, among others, has helped persuade more than 1 million seniors in markets like Palm Beach County that reverse mortgages are not “too good to be true.” But...
Offers of Proof
Offers of Proof ... If you start to offer evidence, the other side objects, and the judge sustains your opponent's objection, you must move the court to allow you to make clear on the record what your evidence was going to be and what it would tend to...
Foreclosure Sales Stopped Guaranteed
We stop Foreclosure Sales and Trustee Sales Guaranteed. If we don’t stop your sale, you don’t pay. That’s our better than money back guarantee. To see if your loan qualifies simply click here DON'T LET THE BANKS TRICK YOU! Register for a FREE...
Trusting Lawyers Loses Lawsuits!
Trusting Lawyers Loses Lawsuits! YOU DARE NOT TRUST LAWYERS! If you're like most people, you don't. I don't either, and I've been one since 1987! Guard against the shady ethics of your opponent's lawyer. Keep a close watch on your own lawyer,...
Detroit-based McGregor Fund has awarded $500,000 to help Michigan homeowners in foreclosure
McGregor Fund grants $500,000 to help shield homeowners from tax foreclosure McGregor Fund grants $500,000 over two years United Community Housing Coalition will use funds to help 1,000 households in tax foreclosure Funds will help enroll...
Illinois filed a Cease and Desist Order against Ocwen Loan Servicing
Illinois Department of Financial and Professional Regulation, Division of Banking filed a Cease and Desist Order against Ocwen Loan Servicing, LLC SPRINGFIELD, Ill., Sept. 28 -- The Illinois Department of Financial and Professional Regulation...
Senator Warren: Equifax is Profiting from Data Hack While Consumers Pay the Price, Identity Protection Plans
Senator Warren Says That Equifax is Profiting from Data Hack While Consumers Pay the Price. With over 100 million files compromised in this latest cyber hack there is a very good chance that your personal information including your social security number...
Learn Good Legal Writing and How to Win in Court
Learn Good Legal Writing and How to Win in Court What is good legal writing? Impress the judge? Confuse the opponent? Or ... win your case? Your goal is: make a winning record! Too many pro se litigants miss this point. Any words not making a...
Anti-foreclosure activists make last-ditch effort to spare thousands of Detroiters from eviction
Anti-foreclosure activists make last-ditch effort to spare thousands of Detroiters from eviction Posted By Violet Ikonomova Steve Neavling A row of dilapidated houses at Crane and Charlevoix on Detroit’s east side. Eleven houses on this block...
CitiMortgage class action lawsuit for falsely notarized documents for foreclosures
CitiMortgage class action lawsuit for falsely notarized documents for hundreds of foreclosures in multiple states 9th Circuit revives lawsuit over CitiMortgage foreclosure records CitiMortgage must face a proposed class action accusing it of...
Federal Money available for Michigan homeowners facing foreclosure
Federal Money available for Michigan homeowners facing foreclosure By Shruti Saripalli About $40 million dollars are available for Michigan homeowners who are facing troubles with their mortgage payments or property taxes, said Mary Tomley,...
Bank of America Hit with $45 Million Judgment over Reckless Foreclosure
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JPMorgan Ordered to Pay More Than $4 Billion to Widow and Family
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JPMorgan’s Big Mortgage Securitization Secret is a Big Nothing Burger
JPMorgan’s Big Mortgage Securitization Secret is a Big Nothing Burger! Four years ago, JPMorgan Chase reached a then-record settlement with the Department of Justice after, among other things, the bank received a copy of a U.S. attorney’s draft...
Lenders limited to one foreclosure proceeding per property
Lenders limited to one foreclosure proceeding per property. A mortgage company can’t bring a second foreclosure action against a borrower after losing a similar foreclosure in the court system, Maine’s supreme court ruled. The court on Thursday unanimously...
Michigan will soon be out of “Hardest Hit” funds for homeowners facing foreclosure
Michigan's "Hardest Hit" program for homeowners is winding down. Hardest Hit is the federal program to help people keep their homes after the Great Recession. Mary Townley is vice president of Step Forward. That's the name of the state's...
California law makers approves bill to stop arbitration used by banks over Wells Fargo bank fraud
California law makers approves bill to stop arbitration used by banks over Wells Fargo bank fraud The California Legislature has approved a bill aimed at stopping banks from using arbitration clauses to shield themselves from lawsuits over sham accounts —...
Nine years later, another Lehman Brothers bankruptcy
Nine years later, another Lehman Brothers bankruptcy The two affiliates, Lehman Brothers U.K. Holdings (Delaware) Inc and Lehman Pass-Through Securities Inc, were put into bankruptcy as part of a deal that will generate $485 million cash for...
LoanDepot.com sued for foreclosure
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NJ Judge Says HSBC Must File New Foreclosure Action
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Fannie Mae, Freddie Mac suspend foreclosures and evictions in wake of Hurricane Harvey
Fannie Mae and Freddie Mac are extending additional relief to homeowners affected by the catastrophic flooding caused by Hurricane Harvey. Last week, Fannie and Freddie announced a number of measures that mortgage servicers can take to aid...
Control Corrupt Courts!
Control Corrupt Courts! Click Here to Learn How to Win Law school teaches all sorts of things ... but not how to control judges nor how to overcome scheming tricks of crooked lawyers! Law school is not the real world. Law professors are too...
The Difference Between a Short Sale, a Pre-foreclosure, and a Foreclosure
The Difference Between a Short Sale, a Pre-foreclosure, and a Foreclosure By Audrey Ference | Aug 23, 2017 What is the difference between a short sale, pre-foreclosure, and foreclosure? If you're considering purchasing one of these kinds of properties,...
Tampa Bay homeowners sue JPMorgan Chase for billing on already-paid mortgages
Tampa Bay homeowners sue JPMorgan Chase for billing on already-paid mortgages. ST. PETERSBURG FLORIDA — Two Tampa Bay homeowners are suing JPMorgan Chase Bank for attempting to continue to collect on what they say were already-paid-off...
New York woman fights bank against foreclosure and wins
HENRIETTA New York– New York woman fights bank against foreclosure and wins! Jean Blattner purchased her dream home on Fawn Ridge Road in Henrietta back in 2005. But, seven years of happiness turned sour after she was laid off from her job in 2013....
Veteran foreclosed home eviction without legal notice
Disabled veteran evicted from foreclosed home without legal notice. ST. CLOUD, Fla. - For four years, Robert Malave, a disabled veteran, says he has rented his home in St. Cloud without a problem. That changed Thursday when movers and a realtor...
Class Action Lawsuit Against Wells Fargo Over Paid-Off Mortgage Interest
More problems for Wells Fargo: Wells Fargo Bank has been hit with a proposed class action lawsuit accusing it of collecting tens of millions of dollars from Texas borrowers who paid off their mortgages early without providing required disclosures about how...
Florida Appeal Court (2nd DCA) Holds Trial Court Erred in Applying Texas Foreclosure Law to Foreclosure Deficiency Claim
Posted by Maurice Wutscher LLP USA August 1 2017 Florida Appeal Court (2nd DCA) Holds Trial Court Erred in Applying Texas Foreclosure Law to Foreclosure Deficiency Claim. The District Court of Appeal of the State of Florida, Second District, recently held...
Help for Michigan homeowners facing foreclosure
By Andy Meisner, Lawrence Rocca and Eric R. Sabree, Special to Digital First Media---There’s help for Michigan homeowners facing foreclosure. Michigan’s economy has come a long way since the national recession struck in 2008, but the harsh reality is that...
I-Team: Dozens of renters of HOA foreclosure properties evicted amid dispute over title ownership
I-Team: Dozens of renters of HOA foreclosure properties evicted amid dispute over title ownership. Properties bring in huge profits with low costs Adam Walser 11:24 PM, Jul 28, 2017 1:23 AM, Jul 29, 2017 TAMPA - In Florida, homeowners’...
Rare Foreclosure Opinion from the 3rd DCA Didn’t Mention ‘Standing’
Rare Foreclosure Opinion from the 3rd DCA Didn't Mention 'Standing' Post July 27, 2017 by Samantha Joseph, Daily Business Review Wednesday's round of appellate decisions at first appeared to contain good news for defense attorneys, who've long lamented the...
Homeless, 84-year-old war veteran twins say ‘it’s hell’ after foreclosure
Homeless, 84-year-old war veteran twins say 'it's hell' after foreclosure By Travis Fedschun Published July 20, 2017 Fox News Family, friends work to help homeless 84-year-old twins after foreclosure devastate them. Clifford and Gary Koekoek, 84-year-old...
Veterans family facing foreclosure claims they’re robo-signing victims
Veterans family facing foreclosure claims they’re robo-signing victims Here we go again… Sonia Kirkland, 58, says she spends most of her time caring for her mother, who is 104 years old, inside the home on Berkeley Place. The house is owned by Kirkland’s...
Lawsuit against Wells Fargo alleges stealth modifications that could vastly increase homeowners’ borrowing costs
Homeowners seek to halt Wells Fargo loan changes in high-profile bankruptcy case The Gaston County homeowners who have filed a class-action lawsuit against Wells Fargo are asking a judge in Charlotte this month to stop the bank from making...
Wells Fargo sued over theft during foreclosure process
Homeowner, Wells Fargo settle lawsuit over alleged theft during foreclosure process An Easton man and the bank that was foreclosing on his home reached a settlement in a dispute that arose when the man alleged his belongings were stolen by...
Saugus Family At Risk Of Foreclosure Due To ‘Immoral, Outrageous’ Behavior By Carrington Mortgage
Saugus Family At Risk Of Foreclosure Due To ‘Immoral, Outrageous’ Behavior By Carrington Mortgage The family’s home loan was sold to a servicer called Carrington Mortgage, who Kelly says was incredibly difficult to communicate with as she tried to avoid...
MERS Lacks Legal Authority and Public Accountability
MERS Lacks Legal Authority and Public Accountability Findsen Law Harvard Amicus Brief on MERS Some of the best quotes, Mortgage servicing companies, banks, courts and government agencies have all expressed astonishment at the extent to...
Homebuyers lose life savings during wire fraud transaction, sue Wells Fargo, realtor & title company
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Banks Accused Of Pocketing $240M In Foreclosure Billings To US
Banks Accused Of Pocketing $240M In Foreclosure Billings To US Banks Accused Of Pocketing $240M In foreclosure billings To US. Bank of America, Wells Fargo, JPMorgan Chase and Citigroup are accused of scamming U.S. agencies out of some $240 million in a False Claims...
California moves forward on letting customers sue banks, inspired by Wells Fargo
California moves forward on letting customers sue banks, inspired by Wells Fargo California took another step on Tuesday toward allowing state residents to sue banks and financial institutions for fraud, rather than letting banks force customers to settle disputes in...
AIG breaks into mortgage securitization big-time with high quality first offering
AIG breaks into mortgage securitization big-time with high quality first offering When American International Group sold its mortgage-guaranty unit United Guaranty to Arch Capital Group last year, the company said that it planned to turn to residential mortgages to...
CenturyLink Is Accused of Running a Wells Fargo-Like Scheme
CenturyLink Is Accused of Running a Wells Fargo-Like Scheme A former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company’s high-pressure sales culture that left customers paying millions of dollars for accounts they...
JPMorgan Chase Is Biased Against Dads, ACLU Complaint Says
JPMorgan Chase Is Biased Against Dads, ACLU Complaint Says The American Civil Liberties Union is accusing JPMorgan Chase & Co. of violating the Civil Rights Act by discriminating against fathers when they ask for parental leave. The ACLU filed its complaint...
Wells Fargo Is Accused of Making Improper Changes to Mortgages
Wells Fargo Is Accused of Making Improper Changes to Mortgages Even as Wells Fargo was reeling from a major scandal in its consumer bank last year, officials in the company’s mortgage business were putting through unauthorized changes to home loans held by customers...
Bank of America agrees to pay $2M over customer recorded calls
Bank of America agrees to pay $2M over customer recorded calls SAN DIEGO – Bank of America will pay nearly $2 million to settle a lawsuit alleging it violated state law by failing to timely disclose its automatic recording of phone calls with members of the public,...
How you can find favor with judges
How you can find favor with judges Get your way the Right Way! Having a judge rule against you because he doesn't "like" you isn't a good thing! It helps to have the judge "on your side". But! There's only ONE WAY to get a judge's favor. Know what you're doing, do it...
CFPB Is Probing Wells Fargo’s Mortgage Practices
CFPB Is Probing Wells Fargo’s Mortgage Practices The Consumer Financial Protection Bureau is conducting an investigation into alleged improprieties in Wells Fargo’s mortgage fee practices. The CFPB is looking into allegations, first reported by ProPublica in January,...
Deutsche Bank reaches $95 million RMBS settlement with Maryland
Deutsche Bank reaches $95 million RMBS settlement with Maryland The state of Maryland announced last week that it reached a $95 million settlement with Deutsche Bank over claims that Deutsche Bank misled investors about its securitization and sale of residential...
New York City cuts ties with Wells Fargo
Earlier this year, reports began to emerge that New York City was considering becoming the next in a string of cities and states that cut ties with Wells Fargo in the wake of the bank’s fake account scandal. And Wednesday, that’s exactly what happened, as New York...
Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG
Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG The Federal Reserve Board on Tuesday announced a $41 million penalty and consent cease and desist order against the U.S. operations of Deutsche Bank AG for...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 30, 2017
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 30, 2017 Settlements on Appeal Joseph L.S. St. Amant The Dispute Resolution Pyramid Table 18, Page 76 of THE INSIDER’S GUIDE TO FIFTH CIRCUIT INTERNAL PROCEDURES Everybody understands that...
Wells Fargo $142 Million Dollar Account-Scandal Settlement
Wells Fargo Must Fully Compensate Victims in Account-Scandal Settlement SAN FRANCISCO (CN) – Wells Fargo must guarantee full compensation and credit history repairs for an estimated 2.73 million victims of its sham accounts scandal before a judge will approve a...
California district court upholds constitutionality of CFPB
California district court upholds constitutionality of CFPB A U.S. district court judge in the Central District of California defended the constitutionality of the Consumer Financial Protection Bureau after rejecting multiple challenges to the bureau’s authority to...
Wells Fargo scandal may force New York City to find new bank
Wells Fargo scandal may force New York City to find new bank City rules may require New York to yank its deposits from Wells Fargo, one of 20 banks approved to hold the city’s cash. A commission is set to meet next week to decide which banks are approved for city...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 23, 2017
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 23, 2017 Revised UCC Article 9, IRC 1031 Like Kind Exchange Transactions, and Liens on Real Property. Did the lien’s beneficial interest maintain perfection, and was it therefore eligible to be...
Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry
Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry But no jail time… For years, Citigroup employees feared that millions of dollars the bank was moving to Mexico might be suspicious. Yet in many cases, the bank did not alert regulators or step up...
Las Vegas: Sin City Harbors A New Kind Of Crime Ring
TOPICS:CorruptionJanet PhelanJustice May 17, 2017 By Janet Phelan Las Vegas. These words conjure up visions of glitz, glam, glitter and fabulous wealth. And behind Vegas’s casino culture have always lurked rumors of laundered money and organized crime. The Mob’s...
$142M Wells Fargo Deal Moves Forward Despite Objections
$142M Wells Fargo Deal Moves Forward Despite Objections SAN FRANCISCO (CN) – A federal judge said Thursday he will likely approve a $142-million Wells Fargo settlement, despite objections that the deal lets the bank off easy for opening millions of unauthorized...
HSBC : settles bondholders’ claims of Libor manipulation
HSBC : settles bondholders’ claims of Libor manipulation HSBC Holdings Plc has settled claims by a group of U.S. bondholders that it conspired with rivals to rig the Libor benchmark interest rate, according to a New York court filing on Monday by the bondholders’...
Philadelphia sues Wells Fargo over discriminatory lending
Bad news for Wells Fargo… Housingwire: The city of Philadelphia announced Monday that it is suing Wells Fargo for alleged discriminatory lending practices against minority borrowers. Philadelphia’s announcement specifically cites the recent Supreme Court decision,...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 16, 2017
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 16, 2017 From THE PAPER CHASE, Pages 50-51, Adam Levitin. “Even in cases in which there is not a preexisting junior mortgage on the same property, the depositor lapse in MERS’s common-agency system...
Supreme Court rules cities can sue banks for predatory lending
Supreme Court rules cities can sue banks for predatory lending Hands partial victory to Miami in suits against Bank of America, Wells Fargo The Supreme Court handed down a landmark ruling, stating cities can sue banks for discriminatory mortgage lending practices, but...
Wells Fargo bogus accounts balloon to 3.5 million: lawyers
Wells Fargo bogus accounts balloon to 3.5 million: lawyers Wells Fargo & Co may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the...
Texas orders Ocwen to stop acquiring new mortgage servicing rights
Texas orders Ocwen to stop acquiring new mortgage servicing rights The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist, adding its name to a growing list of states and regulators coming after the...
MERS wins in four Pennsylvania county lawsuits
MERS wins in four Pennsylvania county lawsuits The Commonwealth Court of Pennsylvania, by a majority opinion, ruled in MERS’ favor in four lawsuits filed by the Recorders of four Pennsylvania Counties (Delaware, Berks, Bucks and Chester), locking in another victory...
New York Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases
New York Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases BROOKLYN — Kings County Supreme Court is about to quietly dismiss thousands of foreclosure cases on Tuesday — in what lawyers say will deal a severe blow to homeowners with pending cases. The court...
Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal
Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal SAN FRANCISCO (CN) — A federal judge Thursday appeared skeptical of Wells Fargo’s claim that its board of directors was unaware of the scope of the phony accounts scandal that already has cost the bank...
Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt
Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt Conglomerate HNA has upped its stake in the bank to 9.92 percent as a result of a voting rights announcement and share package worth £2.8billion (€3.4bn). The Chinese have replaced the...
Maria Bartko charged with running a $1.4 million mortgage fraud scheme turns government witness
Co-Defendant Likely To Testify Against Ill. Judge, Feds Say By Diana Novak Jones Law360, Chicago (May 4, 2017, 5:10 PM EDT) -- The co-defendant of an Illinois state judge charged with running a $1.4 million mortgage fraud scheme is cooperating with the government and...
How the FHA May Impact the Supreme Court Foreclosure Ruling
How the FHA May Impact the Supreme Court Foreclosure Ruling In a 5-3 decision on Monday, the U.S. Supreme Court determined that cities can sue banks over lost tax revenue on foreclosed properties from urban blight. Law360 reported that Miami has the standing to sue...
Massachusetts sues Ocwen for “abusive” mortgage servicing practices
Massachusetts sues Ocwen for “abusive” mortgage servicing practices Ocwen fought back against Massachusetts’ regulations, asking a court to restrain the state’s cease and desist order because it would “cause significant harm” to its customers in the state. But, the...
The city of Philadelphia just gave Wells Fargo its walking papers
The city of Philadelphia just gave Wells Fargo its walking papers Wells Fargo has lost the contract it held for Philadelphia’s $2 billion payroll account. The bank’s public standing continues to suffer even as it has sought to correct problems tied to the fake-account...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 2, 2017
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 2, 2017 The following snippets are from the affidavit of Walker F. Todd an attorney and legal officer for the legal Departments of the Federal Reserve Banks of New York and Cleveland. Banks are...
Miami Lawsuit Against Mortgage Lenders Survives High- Court Review
Miami Lawsuit Against Mortgage Lenders Survives High- Court Review WASHINGTON — The Supreme Court handed a partial victory to the city of Miami Monday, ruling it was authorized to bring lawsuits alleging Bank of America Corp. and Wells Fargo & Co. engaged in...
UBS, BNP, RBS get subpoenas in U.S. Treasuries probe – Bloomberg
UBS, BNP, RBS get subpoenas in U.S. Treasuries probe – Bloomberg U.S. federal prosecutors subpoenaed several banks last month as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, Bloomberg reported on Monday. The banks include...
Kentucky Law Journal Article Cites Accountability for Lawyers Who Wrote Securitization Documents
Kentucky Law Journal Article Cites Accountability for Lawyers Who Wrote Securitization Documents Posted on April 27, 2017 by Neil Garfield "Back at the beginning of creating the false pyramid of “Securitization” 9 lawyers in the New York metropolitan area...
OCWEN FILES MOTIONS FOR RESTRAINING ORDERS AND INJUNCTIONS AGAINST ILLINOIS AND MASSACHUSETTS MORTGAGE REGULATORS
OCWEN FILES MOTIONS FOR RESTRAINING ORDERS AND INJUNCTIONS AGAINST ILLINOIS AND MASSACHUSETTS MORTGAGE REGULATORS WEST PALM BEACH, Fla., April 25, 2017 (GLOBE NEWSWIRE) — Ocwen Financial Corporation, (NYSE:OCN) (Ocwen or the Company), today announced the filing of two...
Ocwen pulls a PHH: Asks court to declare CFPB unconstitutional, requests DOJ help
Ocwen Financial is pulling a PHH. Just as PHH did recently, Ocwen is playing the unconstitutional card in its fight against the Consumer Financial Protection Bureau, asking the United States District Court for the Southern District of Florida to declare the CFPB...
U.S. Bank fined $15 million for bankruptcy filing violations
The Office of the Comptroller of the Currency announced Tuesday that it is ordering U.S. Bank National Association to pay a civil penalty of $15 million for what it calls “bankruptcy filing violations” that occurred between 2009 and 2014. According to the OCC, an...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 25, 2017
65 SIGNS THAT YOUR FORECLOSURE DOCUMENTS COULD BE FRAUDULENT The Mortgage or Deed of Trust is assigned from the Originator directly to the Trustee for the Securitized Trust. 2. The Mortgage or Deed of Trust is assigned months and sometimes years after the...
Maryland bans Ocwen from operating in the Free State.
Housingwire: Maryland’s action, taken by the state’s Commissioner of Financial Regulation, is, in the words of a HousingWire tipster, a “doozy.” Maryland’s cease-and-desist order, which can be read in full here, presents a laundry list of Ocwen’s supposed failings,...
If Ocwen is (or was) Your Servicer Take Action Now!
If Ocwen is (or was) Your Servicer Take Action Now! Ocwen has admitted that its mortgage servicing policies and loan processing systems are a “train wreck”. As regulators and the Consumer Fraud Protection Bureau (CFPB) set their sights Ocwen, we recommend that FRAUD...
Trump signs memorandum on Dodd-Frank’s orderly liquidation authority
Trump signs memorandum on Dodd-Frank’s orderly liquidation authority Housingwire: Unlike a broader past executive order designed to roll back the Dodd-Frank Wall Street Reform Act, the landmark legislation passed in wake of the financial crisis, Friday’s executive...
A detailed breakdown of Ocwen’s new restrictions by state
Massachusetts put Ocwen out of business. Here are the rest of the states.. Housingwire: Below is a list of the remaining states with relevant passages about each state’s restrictions on Ocwen: Arkansas – Arkansas Securities Commissioner, B. Edmond Waters, issued a...
CFPB, Florida Sue Ocwen For Mortgage Servicing Issues
CFPB, Florida Sue Ocwen For Mortgage Servicing Issues Share us on: By Evan Weinberger Law360, New York (April 20, 2017, 5:02 PM EDT) -- The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal court...
How many whistle-blowers did the Feds ignore? In the Wells Fargo case about 700.
Wow! There were multiple red flags and missed signals at the OCC for years, the bank’s main regulator, the report said. Most tellingly, bank examiners assigned to review Wells Fargo were aware of approximately 700 whistle-blower complaints related to “gaming of...
Foreclosure, Liberty, Justice, & The Rule of Law
Liberty, Justice, & The Rule of Law I have a T-shirt that says "Freedom is not Free!" Patrick Henry said, "Give me Liberty or give me death!" Liberty is what we seek. • Liberty to own a home. • Liberty to run a business. • Liberty to enjoy life. But,...
OCC blames itself for not investigating Wells Fargo sooner for Foreclosure Fraud
If you are in foreclosure and you have a loan with Wells Fargo you should know that a federal regulator on Wednesday criticized its oversight of Wells Fargo’s sales practices, saying it failed to act quickly enough once it learned of problems at the San Francisco...
$5M Jury Award for Foreclosure Fraud Case
David Dayen Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud Hardcover – May 17, 2016 Click on book to purchase it right now! A Texas jury’s recent decision to award over $5 million in damages and fees for the fraudulent...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 18, 2017
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 18, 2017 100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION By LYNN E. SZYMONIAK, ESQ., ED., Fraud Digest (www.frauddigest.com) LISA EPSTEIN, www.foreclosurehamlet.org 1. Most mortgages in the...
Nuns Take On Wells Fargo
Nuns Take On Wells Fargo In an insightful song about outlaws, Woody Guthrie wrote this verse: “As through this world I travel / I see lots of funny men / Some’ll rob you with a 6-gun / Some with a fountain pen.” The fountain pens are doing the serious stealing these...
HSBC to pay $2 million to resolve U.S. civil loan fraud lawsuit
HSBC to pay $2 million to resolve U.S. civil loan fraud lawsuit HSBC Holdings Plc has agreed to pay about $2 million (1.60 million pounds) to settle a civil fraud lawsuit that alleged the bank improperly attempted to get reimbursement from the federally backed U.S....
Local vet urges changes in Dept of Veterans Affairs rules on foreclosures
Local vet urges changes in Dept of Veterans Affairs rules on foreclosures SPARROWBUSH – Any day now, DJ Gonzalez will be escorted out of his home, and the doors will be locked behind him. Gonzalez, a 62-year-old Vietnam War veteran, is on the verge of homelessness,...
Preparing for Hearings or Trial …
Preparing for Hearings or Trial ... Whether you're training for the Olympics or trying to win a case in court, winners know they must exercise, prepare themselves, and be ready for competition. Most court cases can be won before trial. Our course will show you: Proper...
OneWest And Force-Placed Insurance Class Actions
OneWest Bank, the mortgage servicer previously owned by Treasury Secretary Steven Mnuchin, has been accused by homeowner groups of a type of foreclosure abuse involving lender-placed, or force-placed, insurance. Mortgage servicers are able to force insurance policies...
The damning 2004 report that Wells Fargo chose to ignore
September 13, 2007 John Stumpf Wells Fargo Company 420 Montgomery St San Francisco CA 94301 Dear Sir, I sincerely regret the circumstances under which I am corresponding, Nine months ago, I reported unethical (and illegal) activity to Wells Fargo Regional Bank,...
Judge won’t dismiss couple’s lawsuit against Wells Fargo
A federal judge won’t dismiss a Waynesboro’s couple lawsuit against Wells Fargo National Bank and two other companies alleging “deceptive, fraudulent and unconscionable” sales practices. Although U.S. District Judge Daniel Jordan III refused to dismiss Archie and...
FRAUD STOPPERS PMA Mortgage Foreclosure Blog Update April 11, 2017
70 MILLION MORTGAGES ARE LEGALLY VOID! DO YOU HAVE ONE OF THEM? BANKS AND WALL STREET TRUSTS HELD ACCOUNTABLE FOR WRONGFUL ASSIGNMENT OF DEEDS OF TRUST! General Overview: Upwards of 70 million mortgage-loan-contracts are legally faulty. It has now been...
Wells Fargo blames former retail division head for Wells Fargo sales scandal
Wells Fargo blames former retail division head for Wells Fargo sales scandal The report, carried out by board Chairman Stephen Sanger and three other independent directors and released to media on Monday, said former retail division head Carrie Tolstedt ignored the...
You CAN Control Judges!
You CAN Control Judges! Learn how to show the judge an appellate court will reverse his decisions on appeal if he doesn't rule in your favor. Otherwise, the judge will rule as he pleases. If you let the judge think you don't know how to appeal, or won't be able to...
Here’s why Wells Fargo forces its customers into arbitration: It wins most of the time
Here’s why Wells Fargo forces its customers into arbitration: It wins most of the time The fine print: portion of an arbitration clause from a Wells Fargo credit card agreement, which binds the customer to arbitrate almost any dispute with the bank and forbids...
City of Missoula to pull $2.6M from Wells Fargo accounts
MISSOULA, Mont. (AP) — The Missoula City Commission has voted to pull $2.6 million of the city’s money from Wells Fargo accounts because the bank is invested in the Dakota Access Pipeline and because employees opened fraudulent customer accounts to generate fees and...
How to Control Corrupt Courts, Judges, and Lawyers!
How to Control Corrupt Courts, Judges, and Lawyers! Law school teaches all sorts of things ... but not how to control judges nor how to overcome scheming tricks of crooked lawyers! Law school is not the real world. Law professors are too politically correct to teach...
FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 04, 2017
To Sue, or Not to Sue, that is the question! If you have legal standing to sue your lender or loan servicer for mortgage or foreclosure fraud you should sue because you have a moral and legal obligation to do so. If you read the Borrowers Covenants Clause of...
New York Court finds foreclosure past statutes of limitations and cancels Mortgage: Costa v. Deutsche Bank
New York Court finds foreclosure past statutes of limitations and cancels Mortgage: Costa v. Deutsche Bank costa-v-deutsche-bank-2017-03-29 New York enforces the statute of limitations for debt collection including mortgages. A federal judge has granted two New...
Bank of America Foreclosure Almost Drove a Couple to the Brink of Death
"Franz Kafka lives… he works at Bank of America." Judge Christopher Klein's words kick off an incredible ruling in a federal bankruptcy court in California last week, condemning Bank of America for a long nightmare of a foreclosure against a couple named Erik and...
Wells Fargo must face litigation on defective mortgages: U.S. judge
A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed...
Wells Fargo reaches $110 million class action settlement over fake accounts
Which is peanuts.. Earlier Tuesday, Wells Fargo announced that its Community Reinvestment Act rating is being downgraded by the Office of the Comptroller of the Currency, due in part to the bank’s fake account scandal that led to a $185 million fine from the Consumer...
Bank Of America Ordered To Pay $46M Over Improper Foreclosure
Bank of America must pay $46 million for improperly foreclosing on a California couple’s home in 2010. U.S. Bankruptcy Court Judge Christopher Klein levied [PDF] the judgement against the bank this week, calling Bank of America’s actions in foreclosing on the...
Ocwen now one giant step closer to acquiring MSRs again after new NYDFS agreement
For more than two years, Ocwen Financial has been prohibited from acquiring new mortgage servicing rights in bulk, thanks to the company’s $150 million settlementwith the New York Department of Financial Services. The news got a little better earlier this year when...
Petition for Permanent Moratorium for Foreclosures for Service Members, Veterans, and Military Retirees
Petition for Permanent Moratorium for Foreclosures for Service Members, Veterans, and Military Retirees Dear friends, I wanted to let you know about a new petition I created on We the People, a new feature on WhiteHouse.gov, and ask for your support. Will you add your...
Sign this petition for an investigation into the unlawful foreclosures in the State of Washington
I'm passing this link out for people to sign. We need 100,000 signatures in order for the petition to be reviewed. It's calling for an investigation into the unlawful foreclosures in the State of Washington. Please pass on....... Thank-you for your help,...
NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis
The president of the Federal Reserve Bank of New York told the Banking Standards Board in London on Tuesday that he sees quite a few similarities between the Wells Fargo fake account scandal and the subprime mortgage crisis of the late 2000’s. New York Fed President...
FRAUD STOPPERS PMA Newsletter & Industry Update March 31, 2017
So today I was reviewing the leads in our CRM and I noticed that one of the leads (for a Mr. Gerald G) had a sales call with one of our sales reps and our senior licensed Private Investigator yesterday (Monday 03/21/17 at 4:10pm CST). I noticed that a sales agreement...
Laundered Russian Cash Went Through Big Banks, Guardian Says
Cash that flowed from Russia through a vast money-laundering network sometimes ended up passing through the world’s largest banks, with U.K. firms including HSBC Holdings Plc handling almost $740 million, the Guardian reported, citing a cache of financial records it...
St. Louis man, 97, accuses Bank of America of pilfering $77,000 of his retirement savings
ST. LOUIS • A 97-year-old St. Louis man who ran a jewelry repair shop downtown for decades after emigrating from Hungary believes Bank of America has cheated him out of more than $77,000 of his retirement money. Karlo Tanko, a widower who lives in the city’s Boulevard...
Homeowner suing Wells Fargo after his house was ransacked and locks were changed
It still happening.. The end of John Barber’s unpleasant foreclosure process seemed to be in sight. Barber had arranged to sell his Easton home through a short sale, which occurs when a bank approves a sale for less than the mortgage balance. He started packing in...
Get Your Evidence Admitted
Get Your Evidence Admitted ! Don't end up like this poor fellow! He's trying to offer documents he's been counting on to win his case. He's trying to present them for the first time on the day of the trial. Big mistake! His documents can do nothing unless they are...
Losing your home by an uncommon clause called “death default”?
Statement showing the payments made toward the mortgage. POWHATAN COUNTY, Va. — A family home was sold to the highest bidder Friday; it was an auction overshadowed by tears. Peggy Stroud wept as a bidder bought the home she grew up in on Urbine Road. Stroud said the...
Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement
Wells Fargo & Co, Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million class-action settlement over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc. It resolves claims that offering materials prepared by...
Keller Rohrback L.L.P. Investigates Reports That Wells Fargo Charged Customers Millions in Improper Mortgage Fees
SEATTLE–(BUSINESS WIRE)– (ATTORNEY ADVERTISING) Keller Rohrback L.L.P. is investigating recent reports that Wells Fargo (NYSE:WFC) has been improperly charging customers fees to extend their promised interest rate when their mortgage paperwork was delayed. This Smart...
Execution of Fabricated Documents
Livinglies.wordpress.com| by Neil Garfield By allowing the foreclosures to go forward the Judges became the author of the only document that was a valid legal instrument — a court order, the rendition of which raised the almost conclusive presumption that...
VP of Wells Fargo branch files whistleblower lawsuit against bank
VP of Wells Fargo branch files whistleblower lawsuit against bank After news broke last fall that Wells Fargo was caught creating fake accounts in the names of unsuspecting customers, the banking giant fired more than 5,000 employees, saying management was unaware...
Congress Is Doing A Huge Favor For BofA While No One Else Watches
WASHINGTON ― House and Senate committees will consider an obscure bill called the “Fair Access to Investment Research Act” on Thursday. It will not be a major media event. The bill, which will likely sail through Congress, will not cause a new financial crisis, bar...
Nationstar facing CFPB fine over HMDA violations
Nationstar Mortgage is facing a fine from the Consumer Financial Protection Bureau over the nonbank’s alleged failure to comply with the reporting requirements of the Home Mortgage Disclosure Act, the company revealed Thursday. Nationstar disclosed the potential fine...
Report finds HUD “failed to adequately oversee” more than $16 billion in FHA loans
The Department of Housing and Urban Development’s lack of oversight into borrower-financed down payment assistance programs for Federal Housing Administration-insured loans puts borrowers and the FHA’s flagship insurance fund at “unnecessary risk,” HUD’s watchdog said...
Obama Lawsuit Over Stealing from Fannie and Freddie to Fund Obamadontcare Health Scam
Lawsuit: Obama Robbed Private Investors to Fund Obamacare Private investments seized to save Obamacare WASHINGTON, D.C. – Two lawsuits proceeding through the federal courts threaten to expose and disrupt a scheme the Obama administration concocted in 2012 to...
Swiss Banking Giant UBS AG Can’t Be Sued in California
SAN FRANCISCO (CN) – The Ninth Circuit on Friday rejected a request by a Bahamian trust belonging to a deceased Indonesian politician to sue Swiss banking giant UBS AG in California just because it does business there. In a written decision issued Friday, the court...
BofA CEO Moynihan Wants Changes to the Volcker Rule
Bank of America (BAC) CEO Brain Moynihan believes it is the right time to introduce changes to the Volcker rule of the Dodd-Frank Act. Moynihan was speaking with Handelsblatt Global, a German language business newspaper published in Dusseldorf. The Volcker rule is a...
Kentucky AG Beshear reaches $2.8M settlement with national mortgage recording company
FRANKFORT Kentucky Attorney General Andy Beshear said Tuesday that the state treasury will reap $2.8 million from a settlement his office has made with a national mortgage recording company. Beshear also said the settlement will offer Kentucky homeowners some of the...
Is your judge “wired?”
Family court, probate court, civil and criminal cases all seem to be marching to a tune of “It’s who you know, not the merits of your case.” It only stands to reason that if judges are throwing cases, then they are being paid off to do so. It may be a shocking...
Lawsuit: Obama Robbed Private Investors to Fund Obamacare
Private investments seized to save Obamacare Jerome Corsi | Infowars.com - February 28, 2017 118 Comments WASHINGTON, D.C. – Two lawsuits proceeding through the federal courts threaten to expose and disrupt a scheme the Obama administration concocted in 2012 to...
Senate Adds Another Foreclosure Kingpin To Trump’s Cabinet
The Senate voted on Monday evening to confirm Wilbur Ross as secretary of commerce. The 79-year-old billionaire private equity investor is President Donald Trump’s 10th cabinet nominee to be confirmed, and remarkably, is the second member of Trump’s cabinet who was...
Foreclosures spike 18%
By Neil Garfield “Fake news” is now the dominant form of spreading disinformation in our marketplace. The banks are in control of media outlets — some created by the banks — that keep spewing out false data about the foreclosure crisis being over. It isn’t true. It...
90-year-old woman foreclosed, evicted from home of over 60 years
NJ.com: LAWRENCE — It wasn’t supposed to end this way. Gloria Turano thought she’d be living on Skillman Avenue when she died, in the ranch home her late husband Louis built for them in 1953. She never wanted to leave it, and the decades of memories of raising a...
Bank of America RICO Lawsuit
Appeals Court Order 08/15/16 Petition for Rehearing Disposed The Tenth Circuit Court of Appeals today ruled that a petition for rehearing has been disposed in an order filed by Judges Briscoe, Holmes and Moritz denying petitions for rehearing and rehearing en banc...
Webinar Update: “How To Research Judges (and other public officials) Using Public Documents”
INTRODUCTION TO MARCH 4 WEBINAR: This workshop is predicated on an initial perception—which then blossomed into knowledge and comprehension, that when an individual such as a judge, held in high estimation, consistently violates his oath of office and...
Ocwen SEC filing reveals details of CFPB mortgage servicing investigation
During a call with investors to discuss the company’s fourth-quarter earnings, Ocwen Financial CEO Ron Faris said resolving the Consumer Financial Protection Bureau’s investigation into the company’s mortgage servicing practices is a top priority in 2017. In Ocwen’s...
Supreme Court breathes new life into whistleblower case against Wells Fargo
With a ruling Tuesday, the U.S. Supreme Court revived a long-running whistleblower lawsuit that accused Wachovia’s investment bank of violating accounting rules and skirting internal controls to pursue short-term profits. The Supreme Court vacated a judgment in August...
How to Dodge a Lawsuit
How to Dodge a Lawsuit Whether you're a plaintiff or defendant, you must know what smart defendants do to dodge lawsuits. If a defendant is served with a complaint, he may dodge the lawsuit by filing motions to avoid filing an Answer! This is called the "flurry of...
Ocwen reaches $223 million settlement with California over servicing violations
Ocwen Financial announced late Friday that it reached a $223 million settlement with the California Department of Business Oversight, ridding itself of the restrictions that hampered its mortgage business in California for more than two years. The settlement includes...
Altisource Portfolio Solutions reveals CFPB probe into relationship with Ocwen
The Consumer Financial Protection Bureau is looking into the relationship between Altisource Portfolio Solutions and Ocwen Financial, Altisource revealed on Thursday. Altisource disclosed in its yearly 10-K filing with the Securities and Exchange Commission that it...
Altisource Portfolio Solutions to pay $32 million to settle class action suit over Ocwen relationship
When Altisource Portfolio Solutions filed its 10-K yearly filing with the Securities and Exchange Commission earlier this week, the company revealed that theConsumer Financial Protection Bureau is looking into the company’s relationship with Ocwen Financial. But that...
Freddie Mac selling off $759 million in non-performing loans
Earlier this week, Fannie Mae announced its first non-performing loan sale of 2017, stating that it plans to sell 10,000 delinquent loans with a total unpaid principal balance of $1.76 billion from its portfolio. Fannie Mae’s fellow government-sponsored enterprise...
JPMorgan moving mortgages online to please paper-weary customers
JPMorgan Chase & Co (JPM.N) is gradually introducing a digital mortgage platform where customers can apply online and track applications by mobile phone. The tools will allow customers to submit and sign documents online and exchange messages with bank staff and...
Court: CFPB Has Authority To Request Seven Years’ Worth Of Foreclosure Documents
Back in November, the Consumer Financial Protection Bureau filed a lawsuit against one of the nation’s largest providers of seller-financed homes after it failed to comply with a subpoena to turn over documents related to home foreclosures. This week, a judge upheld...
Webinar Announcement: “How To Research Judges (and other public officials) Using Public Documents”
TOPICS:Janet PhelanLegal February 14, 2017 By Janet Phelan On March 4, at 2 pm CT, I will be hosting a webinar on how to research judges using publicly available documents. As so many individuals have now been impacted by judges who do not attend to nor honor the law,...
Judges Involved in Multiple Property Reconveyances
By JANET PHELAN SAN BERNARDINO, CA — Several years ago, all of the county's probate and conservatorship cases were moved to the Redlands Courthouse, and most of these cases were subsequently heard by Judge James M. Welch. Recent documents obtained by the Sentinel...
Bank of America Scolded Over Pre-2008 Lending
CHICAGO (CN) – The Seventh Circuit issued Bank of America a stinging rebuke, finding it should not recover $893,000 from three convicted fraudsters because its own reckless mortgage lending showed deliberate indifference to the risk of losing the money. Minoas Litos...
Quicken Loans begins long journey with DOJ over FHA violation charges
Monday marked the first of what will likely be many hearings between Quicken Loans and the Department of Justice before U.S. District Judge Mark A. Goldsmith over FHA lending violation charges. The two parties are first meeting for a hearing on Quicken Loans’ request...
Here’s a snapshot of the CFPB monthly mortgage complaints
(Source: CFPB) (Source: CFPB) More from Housingwire. Click here. DON'T LET THE BANKS TRICK YOU! Register for a FREE Mortgage Fraud Analysis and get the FACTS you need to make the right decision regarding your loan! For information on foreclosure defense call us at...
Prominent advocacy group takes JPMorgan whistleblower’s case
One of the country’s foremost nonprofit legal advocacy groups for whistleblowers has taken up the cause of former JPMorgan Chase broker Johnny Burris who was fired after refusing to put his elderly clients into the bank’s own high-priced products. The Government...
How Wells Fargo is taking advantage of a hidden clause inside almost every customer agreement
There’s a clause hidden in most of the long company contracts no one reads. And it’s tucked away for good reason: A lot of people would probably think twice about signing if they knew the clause existed. It’s called an arbitration clause, and it protects companies...
Protect Yourself from Lawyers … Especially Your Own!
Protect Yourself from Lawyers ... Especially Your Own! Do you know what it takes to win? If not, do you plan to hire a lawyer to go to court for you. But, you probably don't have a clue what your lawyer should be doing. You can save thousands in lawyer fees by...
U.S. appeals court revives JPMorgan silver futures rigging lawsuits
A U.S. appeals court on Wednesday revived three private antitrust lawsuits accusing JPMorgan Chase & Co (JPM.N) of rigging a market for silver futures contracts traded on COMEX. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge held hedge...
The scheme to privatize Fannie and Freddie begins
Mortgage Bankers Association’s plan would preserve the GSEs Proposal would open door to new competitors in the MBS market A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last...
Senate Republicans unveil bill to replace CFPB director with committee
While the Consumer Financial Protection Bureau, with the support of top Democratic Party leaders and 17 Democratic state attorneys general, is fighting in court to defend its leadership structure, a Republican-led effort in the Senate could render the legal battle...
JPMorgan Chase to pay nearly $800 million in final Lehman Brothers settlement
JPMorgan Chase disclosed Wednesday that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse. JPMorgan Chase’s final...
The CFPB’s arbitration rule would restore consumers’ ability to join together in court to hold banks and lenders accountable when they break the law
OVERVIEW Banks and lenders bury terms in the fine print to block consumers from challenging fraud or hidden fees in court. Instead, these “ripoff clauses” force harmed consumers to challenge large corporations one by one in arbitration – a secretive system designed to...
Deutsche Bank : to Pay $425 Million to Settle N.Y. Financial-Services Probe
Deutsche Bank AG will pay $425 million to settle an investigation by New York’s financial-services watchdog into violations of the state’s anti-money-laundering laws through a so-called “mirror trading” scheme that transferred $10 billion out of Russia, the Department...
Citigroup to exit U.S. mortgage servicing operations by 2018
Citigroup Inc (C.N) said on Monday it would speed up the transformation of its U.S. mortgage business by exiting servicing operations by the end of 2018. Citi said it would sell its mortgage servicing rights on about 780,000 Fannie Mae and Freddie Mac loans of...
Columbus Dispatch finds dozens of robo-signed OneWest foreclosure docs in Ohio public records. Mnuchin lied.
President Donald Trump’s nominee for U.S. treasury secretary was untruthful with the Senate during the confirmation process, documents uncovered by The Dispatch show. Steve Mnuchin, former chairman and chief executive officer of OneWest Bank, known for its aggressive...
Two lawmakers join battle between the CFPB and PHH
Housingwire: While the landmark case between PHH and the Consumer Financial Protection Bureau awaits a decision on whether the full Court of Appeals will rehear the case, more politicians are publicly voicing their support for the bureau. A new update from the CFPB...
Pence, Hensarling: Dismantling Dodd-Frank remains a high priority
Housingwire: Chief among those is the “dismantling” of the Dodd-Frank Wall Street Reform Act. During the presidential transition, Trump’s transition team stated that dismantling Dodd-Frank would be one of the president’s main priorities. And on Thursday, the American...
Government’s Fannie Mae will back PE giant Blackstone’s rental homes debt
Mortgage giant Fannie Mae is getting into the single-family rental business in a big way. The government-backed agency said it is going into business with private equity giant and major housing player Blackstone by backing $1 billion in debt. Blackstone’s Invitation...
Mnuchin Lied About His Bank’s History of Robo-Signing Foreclosure Documents
TREASURY SECRETARY NOMINEE Steven Mnuchin lied in his written responses to the Senate Finance Committee, claiming that “OneWest Bank did not ‘robo-sign’ documents,” when ample evidence proves that they did. Mnuchin ran OneWest Bank from 2009 to 2015 in a manner so...
Are you a victim of legal abuse syndrome?
Are you a victim of legal abuse syndrome? According to Karin Huffer, you may be suffering from Legal Abuse Syndrome: 1) if you feel deeply disillusioned and oppressed as a result of your experience with the legal system; 2) if you have been frustrated in your effort...
Wells Fargo customers to receive $50 million for overcharged mortgage fees
Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 could soon receive their share of a $50 million settlement, which stemmed from charges that Wells Fargo overcharged borrowers for Broker’s Price Opinions during the time period...
Citigroup : fined $28.8 million for harm to home borrowers
Citigroup Inc (>> Citigroup Inc) mortgage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the U.S. consumer finance watchdog said on Monday....
Another scandal: Wells Fargo accused of falsely overcharging mortgage borrowers
Wells Fargo, the largest mortgage lender in the country, portrays itself as a stalwart bankthat puts customers first. That reputation shattered in September, when it was fined $185 million for illegally opening as many as 2 million deposit and credit-card accounts...
CFPB fines CitiFinancial Servicing and CitiMortgage $29 million
The Consumer Financial Protection Bureau hit CitiFinancial Servicing andCitiMortgage with enforcement actions over how both companies handled borrower foreclosures. CitiMortgage must pay an estimated $17 million to compensate wronged consumers, and pay a civil penalty...
Borrowers: This is how the FHA mortgage insurance premium suspension impacts you
Housingwire: For borrowers looking to buy a home now or soon, Tim Manni, mortgage expert atNerdWallet, helped explain how this news impact their situation. “With the annual premium now remaining at 0.85% for most FHA borrowers, it renews the debate among first-time...
Sen. Hatch blocked OneWest foreclosure victims from testifying at Mnuchin’s Senate hearing
Housingwire: After lots of handwringing beforehand by people worried about his housing resume, Carson’s Senate confirmation hearing was mostly tame, but Mnuchin, a former executive at Goldman Sachs and chairman of OneWest Bank, formerly IndyMac, was not so lucky....
HSBC to pay back customers for ‘unreasonable’ debt collection
Europe’s largest bank is to contact customers to offer them redress after regulators identified ‘unreasonable’ debt collection practices. The Financial Conduct Authority (FCA) said HSBC had offered to establish a £4m fund to repay 6,700 people hit with unfair legal...
Supreme Court limits Fannie Mae’s ability to take cases to federal court
In a unanimous opinion handed down Wednesday, the Supreme Court limitedFannie Mae’s ability to transfer cases to federal court, ruling that the government-sponsored enterprise’s charter does not grant it the right to move all state cases to the federal level. The...
CFPB says TCF National Bank tricked people into overdraft charges
The Consumer Financial Protection Bureau has accused TCF National Bank (TCB), a Minnesota-based bank with 360 branches in seven states, of tricking hundreds of thousands of customers into accepting costly overdraft services. Back in 2007, the Federal Reserve gave...
It’s official: Deutsche Bank reaches $7.2 billion RMBS settlement
Late last year, Deutsche Bank announced that it reached a $7.2 billion settlement with the Department of Justice in connection with the bank’s issuance and underwriting of residential mortgage-backed securities between 2005 and 2007. Although the bank made the...
Moody’s reaches $864 million settlement over RMBS credit ratings
Moody’s Corp. agreed to pay nearly $864 million to settle claims for its role providing credit ratings for Residential Mortgage-Backed Securities and Collateralized Debt Obligations that contributed to the financial crisis. On Friday, the Department of Justice, 21...
Cuomo will make foreclosure reform a priority — finally
Gov. Cuomo and state lawmakers are finally making reverse-mortgage foreclosure reform a priority this year — following continuing coverage of a crisis by The Post. Last week, the governor announced plans to provide reverse-mortgage holders the right to a mandatory...
Bank of America v. Adamson
Court: Utah Supreme Court Citation: 2017 UT 2 Opinion Date: January 11, 2017 Areas of Law: Real Estate & Property Law Utah Code 57-1-21 requires the trustee of a nonjudicial foreclosure sale to maintain a physical office location within the state. In this...
Former Wells Fargo Employee (Not Execs) Sentenced to More Than Seven Years in Prison
A former Wells Fargo & Co. employee who organized a bank fraud scheme to steal customer-account data was sentenced to more than seven years in prison on Thursday, according to the U.S. Attorney’s Office in the Central District of California. In addition to the...
BNY Mellon Fined $6.6M By SEC For Loan Asset Omissions
Law360, New York (January 12, 2017, 7:32 PM EST) — The Bank of New York Mellon Corp. will pay $6.6 million to the U.S. Securities and Exchange Commission to settle allegations that it supplied investors with misinformation by excluding about $14 billion in...
JPMorgan Ordered to Pay Damages for Firing Whistle-Blower
JPMorgan Chase inappropriately retaliated against a former employee who raised questions about the bank’s sales tactics and investment products, the Labor Department found. The bank was ordered to pay back wages and damages to Johnny Burris, a former broker at one of...
FDIC slaps Bank of America with $542M lawsuit over payment claim
The Federal Deposit Insurance Corp. has filed a lawsuit against Bank of America Corp. (NYSE: BAC), claiming the Charlotte-bank owes at least half a billion dollars in unpaid deposit insurance, according to a Bloomberg report. The U.S. banking regulator sued Bank of...
Wall Street, America’s New Landlord, Kicks Tenants to the Curb
On a chilly December afternoon in Atlanta, a judge told Reiton Allen that he had seven days to leave his house or the marshals would kick his belongings to the curb. In the packed courtroom, the truck driver, his beard flecked with gray, stood up, cast his eyes...
HUD charges Bank of America with lending discrimination
The Department of Housing and Urban Development announced Friday that it is charging Bank of America and two of its employees with discriminating against Hispanic mortgage borrowers. The charges stem from a complaint filed by the National Fair Housing Alliance, which...
Deutsche Bank To Fork Over $95M In US Tax Avoidance Settlement
Deutsche Bank To Fork Over $95M In US Tax Avoidance Settlement Posted on January 5, 2017 | Leave a comment Law360, New York (January 4, 2017, 8:20 PM EST) — Deutsche Bank AG will fork over $95 million to end the U.S. government’s suit accusing it of trying to avoid...
CFPB fines TransUnion and Equifax for deceiving consumers with their marketing
The Consumer Financial Protection Bureau revealed in a press release on Tuesday that it is not only fining TransUnion but Equifax as well for deceiving consumers in marketing credit scores and credit products. Chicago-based TransUnion and Atlanta-based Equifax are two...
Investigators deduced OneWest was backdating documents because the dates were from before OneWest existed
https://theintercept.com/2017/01/03/treasury-nominee-steve-mnuchins-bank-accused-of-widespread-misconduct-in-leaked-memo/ … DON'T LET THE BANKS TRICK YOU! Register for a FREE Mortgage Fraud Analysis and get the FACTS you need to make the right decision regarding your...
New GOP rules to gut OCE loses independence
What is the Office of Congressional Ethics?: Governed by an eight-person Board of Directors, Members of the OCE Board are private citizens and cannot serve as members of Congress or work for the federal government. The OCE lacks subpoena power and must complete each...
Obama’s foreclosure prevention program has helped far fewer homeowners than expected
And no one in the media is reporting that the HAMP program was never met to help a majority of homeowners when in fact no one is discussing that many of the loans have been securitized and sold on Wall Street and investors and note and deed have been split into...
Two Ohio-based banks settle “redlining” allegations
A pair of banks based in Ohio must begin increasing mortgage lending in minority neighborhoods in certain areas of Ohio and Indiana as part of a settlement with theDepartment of Justice, which accused the banks of “redlining.” The DOJ defines redlining as a...
United Shore lands on DOJ hit list, will pay $48m for FHA lending violations
United Shore Financial Services will pay $48 million to settle allegations brought by the Department of Justice, which accused United Shore of violating the False Claims Act by “knowingly originating and underwriting” mortgages that did not meetFederal Housing...
Fidelity National $65 Million Dollar Robo-Signing Settlement
A Fidelity National Financial Inc. subsidiary is in final talks to pay as much as $65 million to resolve U.S. government accusations that it contributed to improper and fraudulent foreclosures after the 2008 credit crisis, according to a person familiar with the deal....
Illinois Treasurer Says State Will Re-evaluate Relationship With Wells Fargo in October 2017
Earlier this year, the state of Illinois suspended $30 billion in investment activity with Wells Fargo for one year. Illinois Treasurer Michael Frerichs announced that decision in early October after the bank admitted to improperly opening more than two million bank...